Common use of Optional Redemption During Variable Rate Period Clause in Contracts

Optional Redemption During Variable Rate Period. While the Bonds bear interest at the Variable Rate, the Bonds shall be subject to redemption, upon the written direction of the Issuer, given at the request of the Company, with the consent of the Credit Facility Issuer, on any Interest Payment Date and on the Conversion Date in whole or in part, at a redemption price of one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued to the redemption date.

Appears in 2 contracts

Samples: Trust Indenture (Lower Road Associates LLC), Trust Indenture (Laralev Inc)

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Optional Redemption During Variable Rate Period. While the Bonds bear interest at the a Variable Rate, the Bonds shall be subject to redemptionredemption on any Interest Payment Date, at the option of the Company, but only upon the at least 45 days prior written direction of the Issuer, given at Company delivered to the request of the CompanyTrustee, with the prior written consent of the Credit Facility IssuerIssuer (which may not be unreasonably withheld), on any Interest Payment Date and on the Conversion Date in whole or in part, at a redemption price of one hundred percent (equal to 100%) % of the principal amount thereof, without premium, plus accrued interest accrued to on the redemption date.

Appears in 1 contract

Samples: Trust Indenture (Performance Food Group Co)

Optional Redemption During Variable Rate Period. While the Bonds bear interest at the Variable Rate, the Bonds shall be subject to redemption, upon the written direction of the Issuer, given at the request of the CompanyLessee, with the consent of the Credit Facility Issuer, on any Interest Payment Date and on the Conversion Date in whole or in part, at a redemption price of one hundred percent (100%) of the principal amount thereof, without premium, plus interest accrued to the redemption date.

Appears in 1 contract

Samples: Trust Indenture (Sterile Recoveries Inc)

Optional Redemption During Variable Rate Period. While the Bonds bear interest at the Variable Rate, the Bonds shall be subject to redemption, upon the written direction of the Issuer, given at the request Borrower on behalf of the Company, with the consent of the Credit Facility Issuer, on any Interest Payment Date and on the Conversion Date in whole or in part, at a redemption price of one hundred percent (equal to 100%) % of the principal amount thereof, without premium, thereof plus accrued interest accrued to the redemption date, without premium.

Appears in 1 contract

Samples: Trust Indenture (Lunn Industries Inc /De/)

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Optional Redemption During Variable Rate Period. While the Bonds bear interest at the Variable Rate, the Bonds shall be subject to redemption, at the option and upon the written direction of the Issuer, given at the request of the Company, with the consent (which may not be unreasonably withheld) of the Credit Facility Issuer, Issuer (so long as the initial Credit Facility is in place) on any Interest Payment Date and on the Conversion Date in whole or in part, at a redemption price of one hundred percent (equal to 100%) % of the principal amount thereof, without premium, plus interest accrued to the redemption date.

Appears in 1 contract

Samples: Trust Indenture (Corrections Corporation of America)

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